Brief: Natuzzi SpA Says Too Early To Estimate Impact Of Coronavirus Outbreak To Consumers' Demand In China

Natuzzi SpA

24/02/2020 23:21

Feb 24 (Reuters) - Natuzzi SpA  NTZ.N :
    * NATUZZI PROVIDES UPDATE ON IMPACT OF CORONAVIRUS ON ITS
OPERATIONS
    * NATUZZI SPA - WHILE OPERATIONS IN CHINESE PLANT HAVE JUST
RE-STARTED, CURRENTLY EXPECT GRADUAL RETURN TO NORMAL OPERATING
CONDITIONS BY APRIL
    * NATUZZI SPA - ON BASIS OF SUCH ASSUMPTION, EXPECTS FOR
1Q2020
DISRUPTIVE IMPACT ON REVENUE BETWEEN EUR 10.0 MILLION AND EUR
15.0 MILLION AT CONSOLIDATED LEVEL
    * NATUZZI SPA - IN FISCAL YEAR 2019, CHINESE MARKET
REPRESENTED
LESS THAN 10% OF CO'S CONSOLIDATED SALES
    * NATUZZI SPA -  IS TOO EARLY TO ESTIMATE IMPACT OF
CORONAVIRUS
OUTBREAK TO CONSUMERS' DEMAND IN CHINA
    * NATUZZI SPA - REVENUES IMPACTED COULD BE RECOVERED
STARTING FROM
MAY 2020

Source text for Eikon:  ID:nBw6pbpYVa 
Further company coverage:  NTZ.N 

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